Nice Ltd. — Capital/Financing Update 2006

May 16, 2006

> NICE Systems Limited 8 Hapnina Street POB 690 Ra'anana 43107 Israel > T 972 9 775 3777 F 972 9 743 4282 E info@nice.com > Insight from Interactions NICE

NICE Perform™ Selected to Improve Aviation Safety and Security

NICE receives multi-million dollar contract to improve flight planning accuracy at the Federal Aviation Administration's Automated Flight Services Stations

Ra'anana, Israel, May 16, 2006 – NICE Systems (NASDAQ: NICE), the global provider of advanced solutions that enable organizations to extract Insight from Interactions™ to drive performance, today announced that it has been selected by Lockheed Martin to supply NICE Perform™ for use in Lockheed Martin's FS21 system used to provide flight services. The multi-million dollar win is part of a project headed by Lockheed Martin, for which it was selected to manage and operate the FAA's Automated Flight Service Stations (AFSS).

The FAA's Automated Flight Service Stations provide pre-flight weather briefings, flight planning services, in-flight radio communications, and search and rescue services to corporate and commercial pilots in the general aviation community.

Lockheed Martin will implement NICE Perform for monitoring and analysis of telephony voice interactions between pilots and flight service specialists, to ensure compliance and accepted performance levels, as defined by the FAA. AFSS specialists deliver critical weather and security-based flight restriction information to pilots, and compliance with the FAA's strict safety and service requirements is vital.

By applying NICE Perform's advanced capabilities for precision monitoring, supervisors will be able to proactively identify specific interactions and reliably evaluate the accuracy of the flight plans and information communicated by specialists. Supervisors will be able to target key calls and correlate them to screen activity, and be able to evaluate how well the specialist was handling the process versus performance parameters.

"We are very pleased that we were selected by Lockheed Martin for this important project," said Chris Wooten, Vice President and General Manager, Public Safety Division. "We look forward to enabling Insight from Interactions between specialists and pilots, and to improving service, safety and security. The NICE solution is the premier choice in enhancing services provided to pilots and ensuring safety and compliance within regulations. We are excited about this win extending our delivery of the Insight from Interactions vision to the public and security sector."

About NICE

NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions™ solutions, based on advanced analytics of unstructured multimedia content – from telephony, web, radio and video communications. NICE is revolutionizing VoIP interactions management with state-of-the-art solutions for IP contact centers, branches, and command and control centers. NICE's solutions are changing the way organizations make decisions, helping them improve business and operational performance, address security threats and be proactive. NICE has over 23,000 customers in 100 countries, including over 75 of the Fortune 100 companies. More information is available at www.nice.com.

NICE Media Contact

Galit Belkind NICE Systems galit.belkind@nice.com +1 877 245 7448

NICE Investors Contact

Daphna Golden NICE Systems ir@nice.com +1 877 245 7449

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Trademark Note: 360o View, Alpha Technologies, Customer Feedback, Dispatcher Assessment, Encorder, eNiceLink, Executive Connect, Executive Insight*, FAST, FAST alpha blue, FAST alpha silver, Freedom, Freedom Connect, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Replay, Mirra, My Universe, NICE, NICE Analyzer, NiceCall, NiceCall Focus, NiceCLS, NICE Inform, NICE Learning, NiceLog, NICE Perform, NICE Playback Organizer, NiceScreen, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision, NiceVision ALTO, NiceVision Harmony, NiceVision Mobile, NiceVision NVSAT, NiceVision PRO, Renaissance, Scenario Replay, ScreenSense, Tienna, Universe, Wordnet and other product names and services mentioned herein are trademarks and registered trademarks of NICE Systems Ltd. All other registered and unregistered trademarks are the property of their respective owners.

*in Australia only

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.